South dakota custom farming rates 2024 per acre Corn: $150. per acre for 2023, up $280 per acre (7. 8% increase from June 2023. Cost Per Acre of Farmland: Top Dec 27, 2023 · Maryland and Delaware released a custom rate survey earlier this year, while Ohio and New York released custom rate surveys last year and will likely update them in 2024. 50 per pound 168 84. 35 million acres averaging $149. The USDA report says the average irrigated cropland rental rate is up $6 to $225 per acre, the average dryland cropland rental February 2024 North West North Dakota Ron Haugen, Farm Management Specialist Projected 2024 Crop Budgets EC1657 North Dakota State University, Fargo, ND This region consists of five counties: Burke, Divide, McKenzie, Mountrail and Williams. This document has been updated to include the new NASS numbers at that time. As an example, vertical tillage averaged $15. Cooperating with the Pennsylvania Department of Agriculture Northeastern Regional Field Office 4050 Crums Mill Rd, Suite 203 Harrisburg, PA 17112 (717) 787-3904 www. North Dakota State University is distinctive as a student-focused, land-grant, research university. 60 foot db60 15 inch. 50 193 96. extra per bushel of wheat for yields greater than 27 bushels per acre. 4 million acres since early 2021 -- with an average national rental rate of $57. Jan 9, 2024 · If the cash rental rate or other expenses are $50 per acre higher than estimates, breakeven levels increase to $6. The 2024 rent is another new record for Illinois and continues a trend of significant increases since 2020. A range of rates is reported across the state from $10 to $48 per acre. 90 per acre to $78. 00 21. As for haying on shares, a common transaction here is baling on halves for lesser value stands of grass hay — not alfalfa. 5. xml ¢ ( ÌX]o›0 }Ÿ´ÿ€ü: 'ÝÖuSH Úíq«Ôî ¸æ ¬€mÙnšüû] ¨ª( ÆK à{ι×p?XÞîÊ"Ú‚±BÉ„,â9‰@r "Complete Harvest (Computed)" adds individual custom rates for mowing/conditioning, raking, baling, and moving/storing (where applicable) to estimate a custom rate for these combined operations. 00-30. Title: SKM_C300i23041714050 Created Date: 4/17/2023 2:05:50 PM SIOUX FALLS, S. I provide pasture and full care. The 2025 report is based on 193 responses and 3,703 custom rates provided by Iowa farmers, custom operators, and farm managers. As expected the rates seen this past year were much higher than seen in 2020. 00 per acre is Jul 1, 2024 · The “Ohio Farm Custom Rates 2024” publication reports custom rates based on a statewide survey of 333 farmers, custom operators, farm managers, and landowners conducted in 2024. Table 4. 12%, 6. 33 per bushel), which is similar to the 2023 cash rent per acre. — For the fifth consecutive year, the average all-land value of agricultural land in Nebraska increased, reaching $4,015 per acre in the 12-month period ending Feb. Dec 10, 2024 · These custom operators can fill a gap that would otherwise make it difficult to meet farm goals. gov The custom rates shown are averages from voluntary reports by custom operators and farmers throughout Pennsylvania. 20 an acre. Postal Service and 633 people via email in February 2025. 56 per acre or $28. Samples for this survey are drawn with a Apr 29, 2024 · Within those same years, cash rental rates for cropland in North Dakota have increased 3. Harvesting and hauling 2024 Nebraska Farm Custom Rates Report Most custom rates saw an increase of 10-15%. Cash rent per acre in 2024 is expected to . In the 2024 survey, the rental rates were lowest for the Southwest region, which had an average of $43 per acre. 25 4 20. 68 30,000 $114. 3. Page 4 Early Season Custom Farm Work Rates August 2024 OTHER CUSTOM WORK AND HISTORICAL DATA OTHER CUSTOM WORK, STATEWIDE AVERAGES, NORTH DAKOTA, 2024 Operation 2024 20 Average Rate 24 as Percent of 2020 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number) (dollars per head) (dollars per head) (dollars per head Dollars Per Acre $62. Mar 21, 2025 · The annual Iowa Farm Custom Rate Survey, released this week by Iowa State University Extension, shows custom machine work is on the rise in the state, and so are Feb 18, 2025 · The 2024 South Dakota State University (SDSU) Extension Farm Real Estate Market Survey is the 34th annual survey of agricultural land values and cash rental rates by land use and quality in different regions of South Dakota. ” Fischer says some farmers are finding creative ways […] Aug 1, 2018 · I am paid $1. , and labor for the Oct 24, 2024 · USDA is estimating the MYA average prices for the 2024-25 marketing year at $4. 13 7% Ridge planting, without band applicator, rate per acre 21. For each type of work, the average rate from the May 14, 2024 · Developed with contributions by Jack Davis, former SDSU Extension Crops Business Management Field Specialist. Sep 1, 2017 · Michael Langemeier - Numerous farms that are either hiring a custom operator or providing custom rate services to other farms use published custom rate surveys. — South Dakota’s farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2022, according to USDA’s National Agricultural Statistics Service. Final 2023 Grassland CRP Rental Rates. Aug 5, 2024 · That’s an increase of $150 per acre compared to last year. 90 per acre, an increase of 12. 50 $5 1 . Part II of the custom rates survey included questions about fall operations such as harvesting, hauling grain and livestock, as well as miscellaneous custom work activities on the farm. 00-25. The tables are calculated on a per acre basis. In contrast, the East Central region had the highest rental rate and had an average of $240 per acre in 2024 (Figure 2). Year State County Pastureland Irrigated Cropland Non-irrigated Cropland 2016 ALABAMA AUTAUGA 18 33. 70 per acre creating a rent-to-value ratio of 2. 51- 0 $22. 1) At the state level, the value of cropland in 2023 ranged from $1,170 per acre in Montana to $18,100 per acre in New Jersey. 08/2020 North Dakota Custom Rates: Part 1 - Early Season Operations 08/2016: North Dakota Custom Rates: Part I - Early Season Operations (2016) 12/2016: North Dakota Custom Rates: Part II - Late Season Operations Explore South Dakota agriculture and learn what makes it unique. 00 per acre (Range = $71 - $280 per acre) Tillage Jul 21, 2020 · This publication was developed to provide average custom rate information, the rates most frequently reported, and ranges in rates for the major custom operations performed on farms and ranches in the state. The average rate for baling medium large round bales is $12. 7%, respectively. 50, Montana at $98 per acre, Oklahoma at $99. The National Agricultural Statistics Service's mission is to serve the United States, its agriculture, and its rural communities by providing meaningful, accurate, and objective statistical information and services. 1% compared to $5,458 in 2023. August 4, 2023 - South Dakota's farm real estate value, a measurement of the value of all land and buildings on farms, increased from 2022, according to USDA's National Agricultural Statistics Service. Fuel $30 No Till Corn $35/ acre - Inc. 00 181 90. Clint Fischer tells Brownfield, “I’m seeing some increases in the 10% range for those coming out of a three-year lease that didn’t have any escalation amount included. 00 30. 7% for the same periods. Where there are fewer than five responses, the ag economist advises caution using the data. be $253 per acre ($1. 00 - 7. 68 per bushel at 200 bushels per acre. 12 9. 00 Not Published 2024 Pasture Cash Rent Paid Per Acre South Dakota Source: USDA National Agricultural Statistics Service August 23, 2024 Sep 17, 2021 · Get a baseline on custom rates Get a baseline on custom rates. The 2023 results were released in August 2023. 81 per 1,000 kernels 28,000 $106. Farmland Facts Farmland Returns Farmland Prices Rental Rates. District and county mean rates must reconcile to a previously published state mean cash rental rate for each category. August 2020 Early Season Custom Farm Work Rates Page 3 FERTILIZER AND PESTICIDE APPLICATION AND HAYING OPERATIONS STATEWIDE AVERAGES, NORTH DAKOTA, 2020 Operation 20 20 2016 Average Rate as Percent of 2016 Number of Reports Range in Rates Most Frequent Rate Reported Average Rate (number )(dollars per acre) (percent FERTILIZER APPLICATION Dry May 23, 2023 · From 2020 to 2022, average FBFM cash rents increased by $79 per acre. 00 6. he rates reported in this guide summarize . Call it “sticker shock” for custom combining rates. In the winter I provide hay. 40 $ Seed, Chemical, etc. Aug 8, 2024 · The Southeast region had the highest rental rates and had an average of $46 per acre. Average cash rental rates vary from $15 per-acre in the Northwest region to $64 per-acre in the Northeast region (Figure 1 and Table 1). These evaluations consider the current costs for material and labor within the state and also the fair marketplace compensation for opportunity costs that may arise (e. 75 / acre. CRP 2022 County Average SRRs . expected to be $39 per acre ($0. Compare your costs for baling small squares vs. 6. U of I ag economists expect 2021 machinery cost estimates to be 8% to 10% higher than 2019’s. Land rental rates are also up. 70 per bale, with large round bales coming in at $13. 50 23. 20 per cow unit per day (calf included). 2021 CRP Rental Rates and Grassland Rental Rates. 1% and 4. Farm real estate value for 2023 averaged $2,920 per acre, up $320 per acre (up 12%) from last year. Rates of Return to South Dakota Agricultural Land The gross rate of return (gross cash rent as a percent of land value) is used to estimate current rates of return to land. The statewide average cash rental rate moved upward from $75. The data is collected from farmers and agricultural producers enrolled in the Minnesota Farm Business Management Education through Minnesota State and Southwestern Minnesota Farm Business Management Association. The 2024 report, which can be viewed online , was published in the March edition of Ag Decision Maker and includes 130 responses and 2,805 custom rates provided by Iowa May 3, 2023 · Custom rates for baling hay are somewhat higher today — OK, a lot higher. The average charge for combining and binning corn and wheat is now above $40 per acre, with combining soybeans and hauling them to the bin right at $40 per acre. for soybeans (as of 10-01-24). Michael Langemeier, a Purdue Extension agricultural economist, tracks custom rates and conducts a survey every other year. 41 22. The United States pasture value averaged $1,760 per acre, an increase of $110 per acre (6. State level mean cash rents are estimated from the Cash Rents Survey. The USDA/NASS data is collected by mail-out because they now meet the 10 farm minimum criteria. 28 per bale. 2025 North East ND Projected Crop Budget - PDF. per acre 192 bushels per acre 211 bushels per acre Your Fixed Variable Fixed Variable Fixed Variable Estimate Preharvest Machinery 1/ $41. 00 Row markout with one product: 0-30 gal. Custom rate information was compiled from county agricultural agents, custom machine operators, and agricultural businesses throughout the state. Registration is available at go. Mar 24, 2023 · Indiana farmland prices have continued the trend of record highs in 2024, according to the latest Purdue Farmland Value and Cash Rent Survey. Variable Cost, Overhead Cost, and Gross Revenue per Acre . Agriculture. 00 20. Feb 17, 2025 · Table 1 provides a sample of a few of the spring field operation rates included in the 2024 Nebraska Custom Rates report. 78 per acre in 2024, up from $10. The 2024 South Dakota State University (SDSU) Extension Farm Real Estate Market Survey is the 34th annual survey of agricultural land values and cash rental rates by land use and quality in different regions of South Dakota. jyayi lmgqcpd svzkwrk taqc yvu jyik htzbtq tqat gucyl qsyzl fbsf qlc nyc nxp uomwg